Our Purpose
RiverStone is dedicated to run-off management and the strategic resolution of financial and operational issues associated with run-off, and other insurance portfolios. When a company decides to exit a line of insurance business or the insurance market altogether, bringing finality to a portfolio can be a lengthy and demanding undertaking, involving complex legal, regulatory, tax, and accounting challenges. RiverStone offers the experience and resources to tackle these issues effectively and efficiently.
Similarly, when a company faces complicated issues related to management of ongoing insurance portfolios, including captives, RiverStone’s broad experience and sensitivity to practical business realities will lead to creative solutions to the issues faced by management.
RiverStone’s global expertise is unmatched in the industry and gives its professionals a unique perspective that leads to innovative solutions. For firms that wish to divest non-strategic or under-performing business or that have limited in-house capability to deal comprehensively with the demands of discontinued or lagging business, RiverStone provides solutions that enable company management to concentrate on its core business because RiverStone:
- Assumes risk through acquisition or reinsurance of non-essential portfolios.
- Frees capital supporting the discontinued operations.
- Frees customer time and resources to focus on growth opportunities.
- Frees the customer from the negative morale issues often associated with non-strategic or discontinued operations.
- Streamlines discussions with rating agencies and regulators.
- Manages difficult portfolios and creates verifiable value.
- Is experienced with schemes of arrangement (plans of administration), Part VII transfers and other alternatives available outside the US.